Eco (Atlantic) Oil & Gas Ltd has acquired two previously shot 2D seismic surveys totaling 2,922 line Km (“Surveys”) on its Sharon Block 2213 A&B ( “Sharon”), Walvis Basin, offshore Namibia, of which the Company is Operator. These Surveys provide extensive coverage in one of the Company’s focus areas. Eco Atlantic is also the Operator of its Cooper Block, where, in partnership with Tullow Kudu Limited, it is currently running a 1,097 Km 3D program with PGS Geophysical, as announced October 16, 2014.
Colin Kinley, Chief Operating Officer of Eco Atlantic stated, “This has been a busy and constructive year for Eco Atlantic and its partners, and fits well with our strategy and analysis of the Walvis Basin. The Cooper 3D program is progressing well and we hope to complete with 1,097 Klm2 program by mid-November.” Kinley further stated, “This newly acquired 2D program on Sharon was shot previously and the data quality looks good from our review of the lines. We are advancing our interpretation and knowledge of the basin as a result of previous wells drilled in the region and the availability of good quality information. By season’s end this year, we also hope to shoot an additional 1,000 Km of new 2D data on our Guy Block. With our knowledgeable partners, we are advancing our understanding of this play. We have steadily progressed with our exploration and interpretation and continue to build confidence in defining the potential of our licenses in this prospective oil play, which should assist in attracting additional partners.”
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